Dallin Watson
Getting a personal loan for LLC use (Tax and Legal Implications)
20 July 2024 | 2 replies
From personal experience it is doable, but you need credit history for that new business.as for the getting the property in your business LLC I think that may trigger a due on sale clause because it is in your name.
Jeff Chisum
Second Home Transferring Title to an LLC
19 July 2024 | 4 replies
When using the Fannie/Freddie/Federal Home Loan Bank second home occupancy loan and you transfer title within the first year to an LLC that the borrower is majority owner of it will not trigger the due on sale clause as long as you can attest that it will continue to be a second home.
Brian Willie
Re-Selling A House Currently Held Subject To As Subject To
19 July 2024 | 4 replies
When you sell a property "subject to" the existing mortgage, technically, this clause could be triggered because ownership is transferring to a new entity or individual.
Sean A Lewis
Does my property value increase after adding ADU's, thus allowing me to refi?
21 July 2024 | 11 replies
I've been listening to the bigger pockets podcast for approx 3 years now, and was finally able to pull the trigger and finance my first multifamily property.
Mitch Conrad
Syndication vs Private Fund LLC
22 July 2024 | 22 replies
Other risk-reducing factors—if the note is collateralized or includes features that reduce the element of investment risk, the note is less likely to be deemed a security.ericperkinslaw.com/when-does-a-private-business-loan-transaction-trigger-securities-lawsv/
Account Closed
How to get to $30k/month if you were me?
23 July 2024 | 42 replies
@Ryan Donohue Yeah, I guess I'm a little surprised that so many folks are triggered on here about the idea of bringing in $30k/month.
Michael Plaks
0% owner financing and IRS imputed interest
19 July 2024 | 12 replies
It requires revision of the stated principal of the loan, triggering specific rules known as OID - original issue discount.
John Underwood
New law makes wholesaling illegal is SC
22 July 2024 | 82 replies
The "public marketing" of these will probably be triggered the minute someone mentions an off-market property for assignment, whether that's online, email, phone call, etc.
Jeff Chisum
10% Down Second Home/STR Loan Not Dead/Debunking bad info
18 July 2024 | 23 replies
They all said the their 2nd home loans, without exception, trigger a due on sale clause if the property is moved to an LLC.
Sachin Sharma
Worth to invest in Dallas in current market?
17 July 2024 | 9 replies
Pull the trigger :)